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Stock Market & Financial Investment News

News Breaks
January 2, 2014
17:38 EDTSPLPSteel Partners board approves repurchase of up to $5M of company's common units
In a regulatory filing Steel Partners disclosed that on December 24, the Board of the general partner of Steel Partners Holdings approved the repurchase of up to an aggregate of $5,000,000 of the company's common units. Any purchases made under the Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the Repurchase Program, the company has entered into a Stock Purchase Plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, which will continue through March 26, 2014. The Repurchase Program has no termination date.
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